World Acceptance Corp. (WRLD) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “
Several other equities research analysts have also recently weighed in on WRLD. Jefferies Group restated a hold rating and set a $37.00 target price on shares of World Acceptance Corp. in a research note on Friday, July 15th. BMO Capital Markets restated a hold rating and set a $41.00 target price on shares of World Acceptance Corp. in a research note on Friday, July 29th.
Shares of World Acceptance Corp. (NASDAQ:WRLD) traded down 0.04% during midday trading on Wednesday, hitting $49.46. The company had a trading volume of 21,801 shares. The stock has a market capitalization of $431.49 million, a price-to-earnings ratio of 5.36 and a beta of 1.76. World Acceptance Corp. has a one year low of $25.58 and a one year high of $55.43. The stock’s 50-day moving average price is $47.06 and its 200-day moving average price is $43.57.
World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by $0.33. The company earned $127.10 million during the quarter, compared to the consensus estimate of $130.91 million. World Acceptance Corp. had a net margin of 14.52% and a return on equity of 21.02%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 earnings per share. Analysts predict that World Acceptance Corp. will post $7.83 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Pacad Investment Ltd. bought a new stake in World Acceptance Corp. during the second quarter worth $114,000. BNP Paribas Arbitrage SA increased its stake in World Acceptance Corp. by 91.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,607 shares of the company’s stock worth $119,000 after buying an additional 1,248 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in World Acceptance Corp. by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,570 shares of the company’s stock worth $163,000 after buying an additional 491 shares during the last quarter. KBC Group NV increased its stake in World Acceptance Corp. by 37.3% in the second quarter. KBC Group NV now owns 4,628 shares of the company’s stock worth $211,000 after buying an additional 1,257 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in World Acceptance Corp. during the second quarter worth $365,000. Institutional investors and hedge funds own 96.09% of the company’s stock.
World Acceptance Corp. Company Profile
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
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